Economics

Stack of wooden lumber in front of residential houses under construction.

US New Home Sales Lag Expectations as Supply Surges

The U.S. market for new single-family homes experienced a minimal increase in June sales which failed to meet market predictions because high mortgage rates kept potential buyers...

Pedestrians crossing a busy city intersection with blurred motion and vehicles in the background.

US Jobless Claims Fall, Labor Market Shows Resilience

The U.S. jobless claims reached their lowest point since April which indicates that the labor market continues to perform well despite the current hiring slowdown. The number...

Jerome Powell speaking into a microphone during a congressional hearing.

Trump Says Fed’s Powell Will Be Gone in Eight Months

During his meeting with Philippine President Ferdinand Marcos Jr President Donald Trump announced that Federal Reserve Chair Jerome Powell will leave his position within eight months thus...

Row of electric vehicle charging stations with cars plugged in at a parking lot.

U.S. EV Charger Buildout Lags Despite $7.5 Billion Budget

A high-profile federal initiative to expand U.S. electric vehicle infrastructure has delivered just 384 charging ports across 68 stations as of April—less than 1% of its $7.5...

A residential building under construction with wooden framing and a clear blue sky.

U.S. Homebuilders Struggle With Rising Costs, Policy Risks

The second half of 2025 brings challenges for American homebuilders because interest rates remain elevated while material prices continue to rise and policy restrictions from tariffs and...

A man and a woman sitting at a table, engaged in conversation in a cafe setting.

Indonesia Pushes for Tariff Exemptions in U.S. Trade Deal

The senior government official stated on Friday that Indonesia plans to request export exemptions for palm oil and nickel under its new trade agreement with the United...

A man in a suit speaking at a podium with a microphone during an event.

David Rhodes Could Return to Lead CBS News

The former CBS News president David Rhodes is in talks to return to his previous role as president of CBS News if the Skydance acquisition of Paramount...

Christ the Redeemer statue with arms outstretched, overlooking Rio de Janeiro and the ocean.

Brazil Presses US for Talks After Trump Tariff Hike

Brazil demands that the United States take action on its May trade proposal after President Donald Trump introduced a 50% tariff on Brazilian goods which intensified economic...

Industrial robotic arm working on a transparent blueprint in a manufacturing environment.

US Manufacturing Barely Grows Amid Auto Weakness

The U.S. factory sector experienced a slight increase in June because vehicle manufacturing declined while other sectors showed growth despite ongoing tariff impacts and rising production expenses. The...